White paper: https://scorumcoins.com/scorum_white_paper_en.pdf
Scorum is a sports content platform with a native token (SCR) that is released to content creators and curators through a rewards pool distribution mechanism. By staking your tokens (locking them up for a set period of time) you are granted influence, allowing you to direct the distribution of rewards by tagging content with the click of a button.
The team behind Scorum has plans to expand the platform creating use-cases for the token, increasing it's value. There are a limited number of tokens (20 million) and once the entire supply is in circulation, no additional tokens will be made available. Instead of using an inflationary model (like Steem), Scorum will be backed by a business model and a percentage of the earnings will be added to the content rewards pool. As the platform grows in popularity, token scarcity will become a factor.
By integrating both a betting exchange and fantasy sports platform token holders will be able to gamble using SCR. These are great marketing features that will bring more attention to the platform while also creating use-cases for the token.
The business model behind Scorum involves on-platform advertising (users can pay to promote content) and external partnerships which will offer the community various products and services. I imagine that partnerships will be easy to come by as Scorum increases in popularity.
Assuming that all goes to plan, investing into the SCR token will be extremely rewarding for long term holders. By staking SCR tokens you increase the value of your vote, you will be able to create a blog post (example) and reward yourself upon it's completion (by clicking a button). Content Authors receive a minimum of 75% of the rewards generated by their content. Other users are able to earn up to 25% of the rewards your content produces by voting for it them selves. Not only is content rewarded, comments can be voted on as well.
I was so impressed by the Scorum white paper that I decided to purchase some tokens today. This is a great time to buy SCR tokens being as the price is nearly 1/4th of what it was during the ico, so if you are planning to invest now is the time.
Comments